May 17th, 2017

Annual- & Sustainability Reports 2016

STRONG YEAR FOR RORO AND ROPAX

Read the online version of the Annual Review 2016 including Sustainability Report, Financial statements and Stena stories.

Full report

Previous and other reports

 

Both the RoRo and the RoPax market were relatively strong in 2016. The RoPax market is currently showing a balance between supply and demand, while the RoRo market is experiencing a large number of new orders. Already in 2017, the RoRo market will receive an addition of new large vessels.

ORDER FOR FOUR NEW VESSELS

Stena has ordered new RoPax vessels from the Chinese AVIC Weihai Shipyard. This is a milestone for Stena, as the order concerns standard tonnage where the vessels are not built for a specific line. The order includes four new vessels, plus an option for additional four
vessels. The first vessel will be delivered

in 2019 and the others in 2020. The plan is to employ them on Stena Line’s routes. The vessels will have 50% higher capacity and 25% lower fuel consumption than the vessels they will be replacing. Marine Atlantic Inc., which had Highlanders on a fi ve-year charter, decided to exercise its option to purchase the vessel. Highlanders was delivered in February and generated a good capital gain.

GOOD LESSONS FROM MERCY SHIPS

The Mercy Ships project continue accor ding to plan at the Chinese Tianjin Xingang Shipyard and delivery is scheduled for 2018. Stena RoRo is responsible

on a consulting basis for overseeing the construction and the commercial negotiations with the shipyard. Stena’s personnel have made numerous factory visits to obtain assurance on suppliers’ product quality. The construction of the hospital ship, with interiors fi ve times as extensive as Stena RoRo’s RoPax vessels, has helped increase our knowledge about shipbuilding in China, creating a strong position prior to the above-mentioned order for new vessels.